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Epica FAQ Series

Can I make a nomination to make someone a beneficiary of my CPF (Central Provident Funds) savings should I pass away?

CPF

Can I make a nomination to make someone a beneficiary of my CPF (Central Provident Funds) savings should I pass away?

CPF (Central Provident Fund) nomination makes it possible for CPF members to nominate people to get their savings from CPF, after their demise. It also provides the option to choose the share each nominee will get.

You are not legally required to make a CPF nomination if you want the savings to be distributed under the Intestate Succession Act or Inheritance Certificate (concerning Muslims). Under the Act, your CPF savings will be distributed by the PTO (Public Trustee’s Office) to the beneficiaries who are legally entitled (family members and next of kin).

In case a nominee is less than 18 years old at the time the CPF savings are paid out, the share of the respective nominee is deposited for administration to the PTO until the nominee turns 18 years old.

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